Warren Buffett Offers $1 Billion For Perfect March Madness Bracket

[GandD 5,966]

Today, Warren Buffett had tongues wagging about basketball. The billionaire, who ranks 4th on Forbes list of top billionaires, with an estimated worth of $53 billion, wants to make you an offer: he’ll give you $1 billion for a perfect March Madness bracket.

Buffett, together with his company, Berkshire Hathaway, are offering $1 billion to any person who can correctly pick the winners of all 63 games in this year’s NCAA men’s college basketball tournament. Buffett and Berkshire Hathaway are partnering with Quicken Loans, owned by fellow billionaire Cleveland Cavaliers owner Dan Gilbert, to offer the ‘Quicken Loans Billion Dollar Bracket.’ Gilbert is listed at #384 of Forbes’ list of billionaires with an estimated net worth of $3.9 billion.

The odds of winning are said to be one in 4,294,967,296. That feels about right, considering that it’s all I can do to make it past the first round with my final four teams still intact.

Don’t worry if you don’t have the chops to pick a perfect bracket. Quicken will still award a whopping $100,000 each to the 20 most accurate “imperfect” brackets for use in buying, refinancing or remodeling a home.

The details are as follows: pick all of the correct winners and win. If there is more than one winner (statistically, that’s nearly unfathomable), you’ll share the $1 billion prize.

The $1 billion will be paid in 40 annual installments of $25 million. Or if you don’t want to wait around that long, you can claim a lump sum payment of just half: $500 million.

There’s nothing to it to enter. No fee. In fact, it’s so simple, joked Buffett, throwing in a reference to a Geico commercial, “To quote a commercial from one of my companies, I’d dare say it’s so easy to enter that even a caveman can do it.”

You can enter the contest at any time beginning Monday, March 3rd, 2014 through Wednesday, March 19th, 2014. Brackets will be made available on Selection Sunday, March 16, 2014, and will initially be limited to 10 million entrants, but only one per household. For more information, you can check out the Quicken Loans page on Facebook.

What happens if you actually win the $1 billion? That’s more than 68 miles of cash in stacked one dollar bills. Let that sink in for a minute.

[We Keep Receipts 9,238]

Sounds like the lottery.

[GandD 5,966]

Sounds like the lottery.

Except its free.

[Karee 4,190]

What happens if you actually win the $1 billion? That’s more than 68 miles of cash in stacked one dollar bills. Let that sink in for a minute.

I'd probably be dead within a year, but it would be the most awesome year ever.

Edited January 22, 2014 by Karee

[GandD 5,966]

Here's a free tip to anyone that plans on trying. Make sure University of Kentucky is your tournament champs. Money in the bank. Go cats!

[Karee 4,190]

Here's a free tip to anyone that plans on trying. Make sure University of Kentucky Louisville is your tournament champs. Money in the bank. Go cats!

Fixed. I'm a Michigan fan. Bummed they lost last year, but happy they made it to the finals. Michigan lost to the better team.

[GandD 5,966]

Fixed. I'm a Michigan fan. Bummed they lost last year, but happy they made it to the finals. Michigan lost to the better team.

http://www.kentucky.com/2013/12/28/3007399/kentucky-vs-louisville.html

[Karee 4,190]

http://www.kentucky.com/2013/12/28/3007399/kentucky-vs-louisville.html

[GandD 5,966]

Yeah and Wichita State is #5. Those poles can suck it. UK will likely not gain much ground unless they can beat Florida. Which won't matter because UK is a tournament team and U of L has never beat UK in the NCAA tournament.

[Karee 4,190]

Those poles can suck it.

Why do you hate Polish people?

Yeah and Wichita State is #5. Those poles can suck it. UK will likely not gain much ground unless they can beat Florida. Which won't matter because UK is a tournament team and U of L has never beat UK in the NCAA tournament.

UK will never have to play UL, since UK will prbably lose to some 16 seed like S.E. Louisana Tech.

[Karee 4,190]

I went looking for Kentucky in last years NCAA bracket. I couldn't find them. I ended up finding them in the NIT bracket losing to Robert Morris (whoever the hell that is) in the first round.

[Darnell 8,478]

ya, U o K has made it to the NCAA March Madness this century. I know, cause I gots a T-Shirt for my Daddy, a die-hard hillbilly WildCats fan. Maybe I'll get it to him this year ....

[GandD 5,966]

UK will never have to play UL, since UK will prbably lose to some 16 seed like S.E. Louisana Tech.

I went looking for Kentucky in last years NCAA bracket. I couldn't find them. I ended up finding them in the NIT bracket losing to Robert Morris (whoever the hell that is) in the first round.

That was a rebuilding year.................